The OKX cryptocurrency exchange app has been removed from the Google Play Store in the Philippines, according to a report by BitPinas. This action follows the earlier removal of Binance and Bybit from the same platform.
The Philippine Securities and Exchange Commission (SEC) has been intensifying its crackdown on unregistered cryptocurrency exchanges operating in the country. The SEC previously issued warnings against Binance and Bybit, leading to their removal from Google Play. OKX now faces similar regulatory scrutiny.
Users of OKX in the Philippines are advised to withdraw their funds as the SEC continues to enforce securities regulations. The removal underscores the growing regulatory challenges for crypto exchanges in the region.